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On June 4, Pershing Square Holdings completed a $1 billion subscription for non-voting exchangeable perpetual preferred stock in Howard Hughes Holdings Inc. On the same day, International Paper completed the acquisition of North Pacific Paper Company (NORPAC) for $360 million. AmperCap Acquisition Company closed its initial public offering of 12.5 million units at $10.00 per unit. Additionally, UWM Holdings Corporation reaffirmed its commitment to acquire Two Harbors Investment Corp for $12.50 per share in cash.